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The company will spend $121m in California and $513m in Texas. This includes funding for track maintenance and bridge maintenance in both states.

Major projects planned for California include $5.1m investment in the line between Galt and Stockton to replace 37,277 railroad ties; $5.8m in Fresno to replace almost 12 miles of new rail, and $5.2m in the line between Delano and Bakersfield to replace 38,882 railroad ties.

In Texas, around $21m will be invested in the line between Pinehurst and Navasota to replace 42 miles of rail, while $22m will be towards the line between San Antonio and Rockdale to replace 183,816 railroad ties and install 53,783t of rock ballast.

The investment in both the states is part of an ongoing investment strategy. From 2011-15, the company invested more than $467m and $3bn in California and Texas respectively to strengthen transportation infrastructure.